Closing out 2018, OFAC announced its plan to lift sanctions against United Co. Rusal and others, despite bi-partisan opposition from Congress. Simultaneously, OFAC continued to target Russia’s defense and intelligence sectors for continued destabilizing activity in Ukraine, and worldwide elections interference. Also this quarter, the Iran nuclear sanctions resumed full effect, and the Trump Administration continued to increase pressure on Venezuela through a new executive order. Finally, OFAC rounded out the year with a notable increase in enforcement resolutions.
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